wilkinson plaza
victoria
18,122 Square Foot Retail Property
Value-Add Program Completed:
- Centre was 42% vacant upon purchase in 2017;
- Rezoned property to allow for major liquor retail sales;
- Completed new lease transaction with 3,000 square foot liquor store tenant;
- Renewed, relocated and expanded existing tenants, completed two new retail leases to achieve 100% occupancy;
- Converted multiple lease types into one standard form institutional-quality net lease;
- Actively managed building systems and operations;
- Purchased asset in October 2017 for $4,950,000;
- Sold asset in December 2021 for $7,826,000.
